CoinDesk
Deus X Capital has ceased operations, with a formal unwind scheduled for Jan. 31, 2027. CEO Tim Grant will lead TensorX, an AI venture owned by Darius, while CIO Stuart Connolly will oversee the transition. Some portfolio businesses are expected to continue with existing stakeholders involved.
Why it matters
The firm’s backers are splitting their investment activity across different strategies. Shane Morton is establishing Darius to focus on artificial intelligence, while Owen and Jason Morton are setting up 95 to invest in markets and fintech. Grant, a former Galaxy Digital executive who led its Europe, Middle East and Africa business, is moving into AI leadership. “We want to be a prominent player in AI in Europe,” he told CoinDesk.
That shift comes as AI competes with crypto for investor attention and capital. Galaxy Research said in September that interest in artificial intelligence was diverting attention from digital assets and adding to venture firms’ fundraising challenges.
Market impact
Deus X said it generated annual returns of 36.5% since inception but did not disclose its total capital. The family office-backed firm debuted in October 2023 with $1 billion in existing investments and capital available for deployment, spanning digital assets, blockchain, fintech and institutional capital markets.
Its portfolio included stakes in Galaxy Digital and Hilbert Group, as well as hedge fund allocations. Deus X also launched Solstice Labs in September 2024 to develop institutional-grade DeFi products. The unwind puts the future of portfolio businesses in focus, while the new investment vehicles show how its backers are reallocating across AI, markets and fintech.
Frequently asked questions
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When will Deus X Capital formally unwind?
Deus X Capital has ceased operations and is scheduled to formally unwind on Jan. 31, 2027. CIO Stuart Connolly will oversee the transition.
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What are Deus X’s backers doing after the shutdown?
Shane Morton is establishing Darius, focused on AI. Owen and Jason Morton are setting up 95 to invest in markets and fintech.
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What role will Tim Grant take at TensorX?
Grant, Deus X’s CEO and a former Galaxy Digital executive, will lead TensorX, an AI venture owned by Darius.
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What did Deus X report about its returns and capital?
Deus X said it generated annual returns of 36.5% since inception but declined to disclose its total capital. It debuted in October 2023 with $1 billion in existing investments and capital available for deployment.
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How did Deus X invest before its operations ceased?
Its strategy covered digital assets, blockchain, fintech and institutional capital markets. Its investments included stakes in Galaxy Digital and Hilbert Group, hedge fund allocations and Solstice Labs, which it launched to develop institutional-grade DeFi products.
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